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Special Segment (Setting The Price) #501539

NBC Evening News for Wednesday, Oct 17, 1979
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(Studio) 3rd in series introduced
REPORTER: John Chancellor

(Los Angeles, California) Tape recording between Chevron informant and federal agent in 1975 with regard to price control by oil companies played; portions transcribed on screen. 6 state cases with regard to alleged price fixing of companies examined; role of Chevron outlined. Authorities reported confirming existence of secret price fixing unit, operating out of San Francisco office of Standard Oil; details given. Theodore Wellman rptd allegedly running operation; photo shown. [Confidential INFORMANT - discusses Chevron price-fixing methods.] Evidence gathered by government outlined; computer charts shown re: price increases for individual companies being same. [WA asst attorney general Tom BOEDER - discusses evidence with regard to elimination of competition.] Allegations in brief filed by 6 states outlined. [Chevron attorney Richard McCLORY - comments.] McClory quoted with regard to chgs. [McCLORY - discusses situation.] [INFORMANT - comments on price-fixing orders.]
REPORTER: Brian Ross

Chancellor, John;
Ross, Brian

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